| Monthly Income and Statement |
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| Artistic Furniture Corporation |
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| Revenue |
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Units |
Revenue |
Cost |
Profit |
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Units Produced |
$ 10 |
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0 |
$ - |
$ 8,593 |
$ (8,593) |
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Price Per Unit |
$ 2,050 |
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2 |
$ 4,100 |
$ 11,320 |
$ (7,220) |
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Total Revenue |
$ 20,500 |
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4 |
$ 8,200 |
$ 14,047 |
$ (5,847) |
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6 |
$ 12,300 |
$ 16,774 |
$ (4,474) |
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| Variable Costs (per unit) |
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8 |
$ 16,400 |
$ 19,501 |
$ (3,101) |
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Direct Labor |
$ 410 |
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10 |
$ 20,500 |
$ 22,228 |
$ (1,728) |
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DirectMaterial (wood, hardware) |
$ 615 |
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12 |
$ 24,600 |
$ 24,955 |
$ (355) |
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Direct Supplies |
$ 51 |
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14 |
$ 28,700 |
$ 27,682 |
$ 1,018 |
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Sales Commission |
$ 103 |
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16 |
$ 32,800 |
$ 30,409 |
$ 2,391 |
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Overhead |
$ 185 |
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18 |
$ 36,900 |
$ 33,136 |
$ 3,764 |
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Total Variable Costs (all units) |
$ 13,635 |
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20 |
$ 41,000 |
$ 35,863 |
$ 5,137 |
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22 |
$ 45,100 |
$ 38,590 |
$ 6,510 |
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| Contribution Margin |
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24 |
$ 49,200 |
$ 41,317 |
$ 7,883 |
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Contribution Margin |
$ 6,865 |
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26 |
$ 53,300 |
$ 44,044 |
$ 9,256 |
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28 |
$ 57,400 |
$ 46,771 |
$ 10,629 |
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| Fixed Costs |
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|
30 |
$ 61,500 |
$ 49,498 |
$ 12,002 |
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Rent |
$ 2,500 |
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Utilities |
$ 3,280 |
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Supplies |
$ 845 |
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Equipment Leases |
$ 1,968 |
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Total Fixed Costs |
$ 8,593 |
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| Profit |
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Revenue |
$ 20,500 |
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Total Costs (fixed + variable) |
$ 22,228 |
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Net Income (profit) |
$ (1,728) |
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